Case Study: Bank of Montreal achieves faster, AI-powered supplier risk detection with Coupa

Bank of Montreal reduces risk assessment cycles by 75% with Coupa

Bank of Montreal, a major North American bank, faced challenges in managing supplier and third-party risk across its many business units. A lack of real-time data and reliance on manual processes made it difficult to ensure regulatory compliance and slowed supplier onboarding, frustrating business leaders. They turned to Coupa Software, implementing its AI-driven Supplier Information & Risk Management platform to consolidate these processes.

Coupa's solution provided BMO with a unified, digital platform for supplier risk and performance management, leveraging AI insights and community-powered data. This enabled automated risk scorecards and proactive monitoring. As a result, BMO reduced its risk assessment cycle time by 75%, gained 100% integrated digital management, and gained the ability to quickly adapt audits and configurations to meet changing regulations.

Bank of Montreal